Glens Falls, NY 12801 · Warren County

This 2,680-square-foot commercial building in Glens Falls offers an investment opportunity backed by a stable tenant. A medical practice has occupied the property under a triple-net lease since 2009, with a signed agreement extending through May 2031 and a five-year renewal option. The tenant pays approximately $50,400 annually and covers all repairs, utilities, and real estate taxes. Built in 1983 and fully renovated inside in 2018, the building sits on 0.73 acres with 30 parking spaces, forced-air heat, and central air, positioned minutes from major routes while Glens Falls offers downtown walkability, cultural venues, and Adirondack access without Saratoga pricing.
INVESTMENT OPPORTUNITY | 43 South Western Ave, Glens Falls Well-positioned commercial investment opportunity featuring a 2,680± SF building on 0.73 acres in Glens Falls. The property is currently occupied by an established medical practice that has been in operation for approximately 14 years and is secured by a signed five-year lease through May 31, 2031. The property provides $50,400 in annual base rental income under a Triple Net (NNN) lease structure. The tenant is responsible for all repairs, utilities, and real property taxes. The lease provides an additional five-year renewal option at an increased rate, providing additional long-term potential. The building underwent a full interior renovation in 2018 and features an asphalt roof approximately nine years old, forced-air heating, central cooling, and 30 parking spaces. The property offers a quiet setting while remaining conveniently located just minutes from major roads and highway access. An attractive opportunity for an investor seeking stable commercial income, an established tenant, NNN lease structure, and long-term occupancy potential. Cap Rate: [10.1%]. Additional details available upon request. Showings are subject to tenant availability and advance notice. *Agent is owner
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Glens Falls is in Warren County, NY. There are currently 40 active listings here, ranging from $89,999 to $3,750,000. Priced 32% above the Glens Falls median of $378,500.
See Sharon's Glens Falls community guideSharon represents buyers for this property. Your tour, offer, and inquiries go through her, not the listing brokerage.
KW Platform · Listed by Hunter Cline (39039)
Contact: 570-216-1949
MLS #202625898 · Source: Global MLS, Inc.
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Real numbers from current MLS data. Not a third-party estimate.





Every change captured by Global MLS since this listing went live.
Public assessment record for the Glens Falls roll · Glens Falls school district · Professional Building
| Year | Assessed value | Full market value | Change |
|---|---|---|---|
| 2025 | $241,200 | $268,000 | +3.9% |
| 2024 | $241,200 | $257,940 | +0.5% |
| 2023 | $241,200 | $256,596 | +6.4% |
| 2022 | $241,200 | $241,200 | -7.2% |
| 2021 | $195,000 | $260,000 |
Assessed and full market values come from the local assessor and lag the market; the tax bill is the assessed value times the town, county and school rates, which the seller’s disclosure will show. STAR and other exemptions are not reflected here.
Outside FEMA-mapped flood hazard areas
This point is not inside any Special Flood Hazard Area or moderate-risk zone on the current FEMA flood map. Flood insurance is optional here and usually inexpensive.
See the official FEMA flood map for this pointSource: FEMA National Flood Hazard Layer, checked 2026-09-10. Zones are drawn by FEMA and can change; an elevation certificate governs insurance.